The firm earned $812 million during the quarter, compared to analyst estimates of $763.37 million.
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Garmin Ltd.is trading up 80.52% versus 12-month low of $30.93 and stands -3.22 lower from its 1-year peak of $56.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The total traded volume was 3,427,141 shares. The ratio is negative, as 31 funds sold all Garmin Ltd. shares owned while 97 reduced positions.
Garmin (NASDAQ:GRMN) last released its earnings results on Wednesday, July 27th. According to an International Data Corporation (IDC) report in May, the company’s wearables shipment increased by 28.8% in the first quarter, making it the fourth-largest company in terms of market share, which stood at 4.6%. 4 financial analysts are now covering the stock. During the same quarter previous year, the firm earned $0.72 EPS. Americafirst Capital Management LLC bought a new position in shares of Garmin during the second quarter worth about $176,000. Marshall Wace LLP purchased a new position in shares of Garmin during the fourth quarter worth approximately $1,089,000. The stock traded down to $50.31 during the day, due to lack of any buying support eventually closed down at $50.59 with a loss of -5.74% for the day. FIL Ltd increased its position in shares of Garmin by 26.7% in the fourth quarter. Howard Hughes Medical Institute now owns 4,787 shares of the company’s stock worth $191,000 after buying an additional 898 shares during the last quarter. Vetr now has $49.46 target price on the stock. Research reports by 2 firms was taken into account for the calculation of the mean estimates. Zacks Investment Research upgraded Garmin from a hold rating to a buy rating and set a $48.00 price objective for the company in a research note on Friday, April 29th. JPMorgan Chase & Co. reiterated a sell rating and set a $38.00 price target on shares of Garmin in a report on Wednesday, July 20th. Garmin has been the topic of 18 analyst reports since August 25, 2015 according to StockzIntelligence Inc. However brokerage recommendations suggests an ABR of 3.11 based on calls of 9 experts, where 0 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 8 suggest Hold, 1 are rating the stock as Sell while 0 as Strong Sell.
Garmin Ltd. (GRMN): Average target price received by Garmin Ltd. (GRMN) is $49 with an expected standard deviation of $6.27.
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Garmin Ltd. (Garmin) is a provider of navigation, communications and information devices, which are enabled by Global Positioning System (GPS) technology. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products.
